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Covenant Logistics
CVLG

129 hedge funds and large institutions have $226M invested in Covenant Logistics in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 37

0.73% more ownership

Funds ownership: 146.54% → 147.27% (+0.73%)

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

2% less funds holding

Funds holding: 131 → 129 (-2)

34% less capital invested

Capital invested by funds: $340M → $226M (-$114M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $949K

Holders
129
Holders Change
-2
Holders Change %
-1.53%
% of All Funds
2.87%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
24
Increased
57
Reduced
37
Closed
26
Calls
–
Puts
$949K
Net Calls
-$949K
Net Calls Change
-$573K

Top Buyers

1
AL
AJO LP
Pennsylvania
+$3.63M
2
HA
Homestead Advisers
Virginia
+$3.32M
3
Marshall Wace
Marshall Wace
United Kingdom
+$2.34M
4
LSV Asset Management
LSV Asset Management
Illinois
+$2.31M
5
Millennium Management
Millennium Management
New York
+$1.76M

Top Sellers

1
SCM
Sandler Capital Management
New York
-$6.89M
2
HCM
Hodges Capital Management
Texas
-$5.38M
3
NCGI
Next Century Growth Investors
Minnesota
-$4M
4
1SAMC
12th Street Asset Management Company
Tennessee
-$3.4M
5
Wells Fargo
Wells Fargo
California
-$2.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSV Asset Management
26
LSV Asset Management
Illinois
$1.89M +$2.31M +196,672 New
SCM
27
Southport Capital Management
Tennessee
$1.88M – – –
Man Group
28
Man Group
United Kingdom
$1.87M +$726K +61,960 +47%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$1.74M +$501K +42,758 +31%
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$1.61M +$241K +20,524 +14%
Deutsche Bank
31
Deutsche Bank
Germany
$1.58M +$1.27M +108,176 +190%
Invesco
32
Invesco
Georgia
$1.55M +$1.05M +89,572 +125%
American Century Companies
33
American Century Companies
Missouri
$1.51M +$59.7K +5,092 +3%
HCM
34
Hodges Capital Management
Texas
$1.5M -$5.38M -458,730 -75%
HIM
35
Hillsdale Investment Management
Ontario, Canada
$1.43M +$563K +48,000 +48%
IA
36
IndexIQ Advisors
New York
$1.35M -$135K -11,502 -8%
Victory Capital Management
37
Victory Capital Management
Texas
$1.31M +$14.2K +1,210 +0.9%
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$1.29M +$1.58M +134,892 New
ZIM
39
ZPR Investment Management
Florida
$1.29M +$1.03M +87,910 +188%
CIA
40
Capital Impact Advisors
Massachusetts
$1.28M +$181K +15,476 +13%
Renaissance Technologies
41
Renaissance Technologies
New York
$1.27M +$1.55M +132,600 New
Citadel Advisors
42
Citadel Advisors
Florida
$1.26M -$796K -67,938 -34%
Charles Schwab
43
Charles Schwab
California
$1.26M +$190K +16,190 +14%
OAM
44
Oxford Asset Management
United Kingdom
$1.23M +$634K +54,090 +74%
Connor, Clark & Lunn Investment Management (CC&L)
45
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.15M +$147K +12,500 +12%
SFM
46
Systematic Financial Management
New Jersey
$1.12M +$1.37M +117,100 New
BPM
47
Bowling Portfolio Management
Ohio
$1.1M -$13.1K -1,120 -1%
CEP
48
Chicago Equity Partners
Illinois
$1.09M -$126K -10,760 -9%
GCP
49
GSA Capital Partners
United Kingdom
$1.06M +$316K +26,952 +32%
Assenagon Asset Management
50
Assenagon Asset Management
Luxembourg
$1.03M +$264K +22,566 +27%
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CVLG Hedge Fund Activity: Q4 2018 in Review

129 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Covenant Logistics (CVLG) for Q4 2018, worth a combined $226M — down 34% from $340M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of CVLG and 24 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 57 added.

The largest buyer was AJO LP, opening a new position worth an estimated $3.63M. The largest seller was Sandler Capital Management, exiting entirely with an estimated $6.89M sold.

  • 129 institutional investors held Covenant Logistics (CVLG) as of Q4 2018, down from 131 in Q3 2018.
  • Funds reported $226M of Covenant Logistics stock for Q4 2018, down 34% quarter-over-quarter.
  • 24 funds opened new Covenant Logistics positions in Q4 2018 and 26 closed out, a net change of -2 holders.
  • The largest Covenant Logistics buyer in Q4 2018 was AJO LP, an estimated $3.63M added.
  • The largest Covenant Logistics seller in Q4 2018 was Sandler Capital Management, an estimated $6.89M sold.

Based on aggregated 13F filings for Q4 2018.